You Have Worked a Lifetime to Accumulate Your Wealth - Let a life insurance policy from Pacific Life help you preserve it for your heirs.

You may not think of your possessions as an "estate," nor consider what will happen to them when you're gone. However, assuming you die in 2015, at your death the federal government imposes a 40% estate tax on property in excess of $5.43 million1 that passes from your estate to your heirs. In addition, estate taxes are due and payable within nine months of death. With this in mind, many estates may not have the liquidity necessary to pay the estate tax.

Products That May Help
Pacific Life Insurance Company's second-to-die life insurance products have become an increasingly popular way to help preserve your wealth for your heirs. Many accountants, attorneys, and financial planners are recommending life insurance products as an integral part of their client's estate planning needs. For a married couple, estate taxes are typically not due at the death of the first individual due to the ability to transfer assets to a surviving spouse free from estate taxation. Rather, for a married couple, estate taxes are generally due (if any) at the death of the surviving spouse. A second-to-die life insurance policy, which covers two lives and provides a death benefit upon the second insured’s death, may, therefore, be well suited to deal with the potential estate tax burden of a married couple.

Pacific Life Holds the KeysThe key features of Pacific Life's second-to-die life insurance products include, but are not limited to, the following:

Qualified, Quality ServiceLet a qualified life insurance professional show you how a Pacific Life life insurance product can work to help you achieve financial security.

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1According to the American Taxpayer Relief Act of 2012, the federal estate, gift and generation skipping transfer (GST) tax exemption amounts are all $5,000,000 (indexed for inflation effective for tax years after 2011); the maximum estate, gift and GST tax rates are 40%.

2For federal income tax purposes, life insurance death benefits generally pay income tax-free to beneficiaries pursuant to IRC Section 101(a)(1). In certain situations, however, life insurance death benefits may be partially or wholly taxable. Situations include, but are not limited to: the transfer of a life insurance policy for valuable consideration unless the transfer qualifies for an exception under IRC Section 101(a)(2) (i.e. the “transfer-for-value rule”); arrangements that lack an insurable interest based on state law; and an employer-owned policy unless the policy qualifies for an exception under IRC Section 101(j).

For more information on this subject, and professional guidance in selecting the right kind and amount of insurance coverage, contact your insurance professional.

Pacific Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York. Product availability and features may vary by state.

This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Pacific Life, its distributors and their respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York, and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each company is solely responsible for the financial obligations accruing under the products it issues, and its product and rider guarantees are backed by that company’s financial strength and claims-paying ability. Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company, and are available through licensed third party broker-dealers.